Springs at Tech Ridge, a 342-unit, newly built multifamily property in North Austin, is under new ownership, according to Institutional Property Advisors, the Marcus & Millichap division that arranged the sale.

According to the property’s website, the buyer is Virginia-based Weinstein Properties, which renamed the property Bexley at Tech Ridge. IPA’s executive director Will Balthrope and director Drew Kile advised the seller and procured the buyer.

The property is located at 1200 East Parmer Lane, less than one mile east of Interstate 35 and less than four miles from North MoPac Expressway. Major employers nearby include General Motors, Dell, and Samsung.